US – Despite US sanctions and frosty relations, Russian gas is headed toward the east coast of the US, after an LNG cargo was reloaded at the Isle of Grain LNG terminal in the UK, with Russian gas molecules now destined for Boston, according to shipping data.

Dallas-based Lucid Energy Group has agreed to sell midstream subsidiary Lucid II, which operates in the prolific Permian Basin in west Texas, to Goldman Sachs and energy investment firm Riverstone Holdings.

Delek has farmed into 12 leases in shallow waters of the Gulf of Mexico with GulfSlope and Texas South Energy.

New York City has become the latest US area to file a lawsuit against energy majors, seeking “billions in damages” related to climate change, while city pension funds unveiled plans to divest over USD 5 billion in fossil fuel companies.

China – In hopes of reducing the dominance of the US dollar in commodities markets, the world’s top oil importer China plans to launch an oil futures contract in yuan, which could become a new Asian benchmark. Read more in our feature

Iraq – Algerian state-owned energy company Sonatrach is looking to make its first foray into Iraq after agreeing to study oil and gas exploration, development and investment opportunities in the country.

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